| EU regulators suspend review of Halliburton, Baker Hughes | |
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BRUSSELS, Aug 3 (Reuters) - European Union antitrust regulators have suspended their review of Halliburton Co's $35 billion bid for oilfield services rival Baker Hughes Inc because the companies have failed to provide sufficient data. The European Commission, which had previously set an Aug. 27 deadline for its decision on the deal, will set a new deadline once it receives the relevant information, a Commission spokesman said on Monday. Halliburton said on Sunday that the EU competition authority had requested for information. The deal has run into some opposition in the United States, where regulators are concerned about possible higher prices and less innovation, a source close to the investigation told Reuters last month. (Reporting by Foo Yun Chee; editing by Jason Neely)
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Halliburton is a and oil producing company based in United states of america. Halliburton is listed in United States of America. Its market capitalisation is US$ 33.4 billions as of today (€ 31.2 billions). Its stock quote reached its lowest recent point on January 25, 2002 at US$ 10.06, and its highest recent level on April 26, 2024 at US$ 38.54. Halliburton has 867 249 984 shares outstanding. |